Shreeji Translogistics IPO Basis of Allotment

Shreeji Translogistics Ltd.

Our Company was Incorporated as Shreeji Transport Services Private Limited on April 21,1994 under the Companies Act, 1956 with the Registrar of Companies, Mumbal bearing Registration No. 077890. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter 'History and Certain Corporate Matters' on page no. 107 of the Prospectus.

Regd. Office: Shreeji Krupa, Plot No. 107, Sector No. 19C, Vashl, Navi Mumbai - 400 705. | Contact Person: Ms. Tanvl Shah, Company Secretary and Compliance Officer
Tel No.: +91 -22-4074 6666/2784 3344 / 2784 4477 | Email: lnfo@shreejitransport.com | Website: www.shreejitranslogistics.com

PUBLIC OFFER OF 9,54,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF SHREEJI TRANSLOGISTICS LIMITED ('STL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 130 PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 1,240.20 LAKHS ('THE OFFER') OF WHICH, UPTO 48,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 9,06,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.30%% and 25.93%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE OFFER PRICE IS 13 TIMES OF THE FACE VALUE.
OFFER OPENED ON SEPTEMBER 29, 2017 AND CLOSED ON OCTOBER 05, 2017.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated September 20, 2017. BSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on October 13, 2017 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Offer being made through the Fixed Price process, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Offer only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Net Offer has received 483 applications for 10,78,000 Equity Shares resulting in 1.19 times subscription. The details of the applications received in the Net Offer (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Note: The Offer also includes 48,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under subscription of 13,000 Equity Shares in Retail Category & over subscription 1,55,000 Equity Shares in Non - Retail Category (considering the spill-over of unsubscribed portion of retail category). The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 10, 2017.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 130 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 48,000 Equity Shares.
The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 130 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 4,53,000 Equity Shares. The category was subscribed by 0.97 times. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 130 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 4,66,000 Equity Shares. The category was subscribed by 1.33 times. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on October 11, 2017 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before October 12, 2017 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on October 13, 2017 subject to receipt of listing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 21, 2017 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED
1 st floor, Bharat Tin works Building, Opposite Vasant Oasis, Marol Maroshi Road,
Marol, Andheri (East), Mumbai - 400059.
Tel: +91 - 22 - 6263 8200; Fax: +91 - 22 - 6263 8299
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Nilesh S. Chalke; SEBI Registration No.: INR000001385